For every debit there will be an equal credit according to

Related MCQs

• In profit and loss account, if credit is more than the debit, the difference is
• Debit the receiver & credit the giver is _____ account
• The principle “Debit the receiver and credit the giver” is related to_____
• The rule debit all expenses and losses and credit all income and gains relates to
• M/s Stationery Mart will debit the purchase of stationery to _______
• Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?
• If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?
• A credit balance on a partner’s current A/c is.
• Every partner has a right to be consulted in all matters affecting the business of:
• A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):